BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...

British oil giant BP (BP) pledged to “fundamentally reset” its strategy as profits in its Fiscal fourth quarter slid to a ...

Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

Shares in BP were up over 1% by early afternoon in London following the news. The company’s stock plummeted almost 16% over 2024 as Auchincloss tried to assuage investors’ concerns over its ...

(RTTNews) - Shares of BP Plc. were gaining around 7 percent on the London Stock Exchange and in pre-market activity on the NYSE, after media reported that the British energy major's stake has been ...

In early UK corporate news, BP reported a profit decline ahead of a key strategy update later this month. Gambling firm Entain said its chief executive has stepped down after less than six months in ...

The job cuts come days after BP announced it was delaying next month’s strategy update and relocating it to London from New York to give Auchincloss more time to recover from a medical procedure.

BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.

London (CNN) — BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around ...